The euro gave up early gains to drop below the $1.16 mark, hitting its weakest level since late November, as lingering uncertainty over the Middle East conflict and concerns about rising inflation across the eurozone weighed on the currency. Oil prices remained under $90 per barrel after the International Energy Agency proposed a record release of strategic oil reserves to help ease the sharp rise in energy costs triggered by the Iran conflict. On the monetary policy front, expectations have shifted toward a more hawkish stance for the European Central Bank. Markets are increasingly pricing in at least one 25-basis-point rate hike this year, with some traders now considering the possibility of two increases. On Tuesday, Christine Lagarde reiterated that the ECB is committed to taking all necessary measures to keep inflation under control, despite the current surge in energy prices.

The EUR/USD exchange rate fell to 1.1539 on March 12, 2026, down 0.24% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.79%, but it's up by 6.32% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on March 12 of 2026.

The EUR/USD exchange rate fell to 1.1539 on March 12, 2026, down 0.24% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.79%, but it's up by 6.32% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.



Crosses Price Day Year Date
EURUSD 1.1538 -0.0029 -0.25% 6.31% Mar/12
EURGBP 0.8629 0.0004 0.05% 2.98% Mar/12
EURAUD 1.6170 -0.0003 -0.02% -6.36% Mar/12
EURNZD 1.9554 -0.0018 -0.09% 2.61% Mar/12
EURJPY 183.5070 -0.3490 -0.19% 14.39% Mar/12
EURCNY 7.9394 -0.0149 -0.19% 0.93% Mar/12
EURCHF 0.9023 -0.0005 -0.05% -5.76% Mar/12
EURCAD 1.5678 -0.0045 -0.29% 0.06% Mar/12
EURMXN 20.5097 0.0671 0.33% -5.93% Mar/12
EURPLN 4.2565 0.0089 0.21% 1.72% Mar/12
EURSEK 10.6927 0.0215 0.20% -3.38% Mar/12
EURCZK 24.3994 0.0162 0.07% -2.57% Mar/12
EURHUF 389.3200 1.8305 0.47% -2.56% Mar/12
EURNOK 11.1508 -0.0142 -0.13% -3.83% Mar/12
EURZAR 19.1548 0.0874 0.46% -3.72% Mar/12
EURINR 106.6794 -0.1172 -0.11% 12.42% Mar/11
EURBRL 5.9670 -0.0244 -0.41% -5.95% Mar/11
EURRUB 91.5628 -0.2237 -0.24% -3.50% Mar/11
EURKRW 1,708.9973 -1.7737 -0.10% 7.81% Mar/11
EURIDR 19,499.0296 -77.4536 -0.40% 9.06% Mar/11
 Currencies
 EUR...
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Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.40 percent Feb 2026
Euro Area Inflation Rate 1.90 1.70 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026
Euro Area Interest Rate 2.15 2.15 percent Feb 2026
United States Non Farm Payrolls -92.00 126.00 Thousand Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Euro Area Unemployment Rate 6.10 6.20 percent Jan 2026

Euro US Dollar Exchange Rate - EUR/USD
The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.16 1.87 0.64 1957 - 2026 Daily

News Stream
Euro Slides to Over Three-Month Low
The euro gave up early gains to drop below the $1.16 mark, hitting its weakest level since late November, as lingering uncertainty over the Middle East conflict and concerns about rising inflation across the eurozone weighed on the currency. Oil prices remained under $90 per barrel after the International Energy Agency proposed a record release of strategic oil reserves to help ease the sharp rise in energy costs triggered by the Iran conflict. On the monetary policy front, expectations have shifted toward a more hawkish stance for the European Central Bank. Markets are increasingly pricing in at least one 25-basis-point rate hike this year, with some traders now considering the possibility of two increases. On Tuesday, Christine Lagarde reiterated that the ECB is committed to taking all necessary measures to keep inflation under control, despite the current surge in energy prices.
2026-03-11
Euro Tries to Recover on Weaker Dollar
The euro attempted to consolidate gains above the $1.16 level, though it continued to trade close to a two-month low. The currency found some support from a broadly weaker US dollar and a modest improvement in overall market sentiment. Oil prices remained below $90 per barrel after the International Energy Agency proposed a record release of strategic oil reserves to help counter the sharp rise in energy prices since the beginning of the Iran conflict. On the monetary policy front, expectations have also shifted in a more hawkish direction for the European Central Bank. Markets are increasingly pricing in at least one 25-basis-point rate increase this year, while some traders are beginning to lean toward the possibility of two hikes. ECB President Christine Lagarde reiterated Tuesday that the central bank would take the necessary steps to keep inflation under control, despite the current surge in energy prices.
2026-03-11
Euro Hovers Near Two-Month Lows
The euro traded around $1.16, hovering near the two-month lows reached last week, as investors continued to assess developments surrounding the conflict with Iran, the resulting surge in energy prices, and the implications for inflation and ECB policy. Some temporary relief came after US President Trump said the military operation in Iran could conclude soon and is progressing well ahead of the initially projected four- to five-week timeline. Oil prices also retreated to below $100 per barrel after Trump hinted at several measures aimed at keeping energy costs under control. Last week, ECB Chief Economist Philip Lane warned that a prolonged conflict in the Middle East and a sustained decline in regional oil and gas supplies could trigger a “substantial spike” in inflation and a “sharp drop in output” across the EA. Against this backdrop, markets now expect the ECB to raise its key interest rate by at least 25bps once this year.
2026-03-10